According to the information and trading system OilWorld.RU, in Russia wholesale and retail pork prices are steadily decreasing: since the beginning of 2019, they have fallen by 15% in some retail chains. In particular, the Cherkizovo group is reporting a reduction in wholesale prices for pork. In October, one kilogram of pork produced at the holding enterprises cost 86.6 rubles, which is 14% less than in October last year. The General Director of the National Union of Pig Breeders (NSS) Yuri Kovalev said that last year the Cherkizovo Group supplied the market with 6% of pork. According to him, prices for this type of red meat are reduced not only by the second-largest player. Read more...
Russian Industry and Trade Ministry expects the country’s non-resource exports to grow by 2% this year, instead of the national project’s target of 7%, Russian Industry and Trade Minister Denis Manturov said. He told the presidium of the Council on Strategic Development and National Projects during its Monday’s session that "figures will not exceed the 2% growth compared to last year." "Therefore, they will be different from the indices in the national project," he added. According to the Russian government’s national project on international cooperation and exports, Russia’s non-resource non-energy exports are scheduled. Read more...
Italy's Gruppo Veronesi plans to invest over €11 mill. in its first integrated cross-border supply chain for white meat in Russia, reports suggest. The pilot project will enable the Italian group to enter one of the fastest-growing markets and continue its international expansion. The pilot project will see the Italian company creating an integrated supply chain with farms and meat processing facilities. It will also be involved in the distribution and marketing of fresh meat. All meat produced in Russia by the company will be exclusive to the local market. The supply chain will be established in collaboration with equity partner, Finest, and an. Read more...
Russia’s wheat production will amount to 74 mln tonnes in 2019-2020 agricultural year (June 2019 - July 2020), according to the estimate of the US Department of Agriculture. In September and October, it projected 72.5 mln tonnes. Wheat export projection has been raised to 34.5 mln tones from 34 mln tonnes in previous months. The official grain harvest outlook of the Russian Agriculture Ministry for 2019 is 120 mln tonnes, including 78 mln tonnes of wheat. Previously the ministry projected grain harvest at 115-118 mln tonnes. Russia’s grain export equaled 43.3 mln tonnes in 2018-2019 agricultural year, including 35.2 mln tonnes of wheat. In. Read more...
Russian sugar railway exports hit their highest since January 2018 in October of 76,819 mt, up from 47,415 mt the previous month and almost four times the 19,577 mt a year earlier, according to figures from consultancy Ikar. Sugar shipments have started the season (August-July) on a strong note, notching up 149,379 mt in the first three months of the campaign, nearly the triple the 50,224 mt over the same period of 2018-19. What lies behind this surge in sugar exports is the expectation of a new bumper crop in Russia this season, which could also post a new all-time high, surpassing 2017-18’s 6.460 million mt. A higher beet acreage and favorable weather are the main. Read more...
Special envoy of the Russian President for digital and technology development Dmitry Peskov named five key scenarios of increasing the export share, which can be applied at the governmental level during the next decade. "We have five basic scenarios in terms of exports. The first one is the offensive, market-based and champion’s one. This is a hypothesis that we need technology champions with high capitalization and networks worldwide in order to compete on the global market in 2020s. We will stimulate turbid growth of companies, their IPOs, set the goal, for example, of having ten unicorn companies in key areas of the technology development by 2025 and achieve. Read more...
The European Commission (EC) has lowered its outlook for Russia’s GDP growth in 2019 to 1% from 1.5%, theEuropean Economic Forecast report – Autumn 2019released on Thursday reveals, according toRT. The EC has also adjusted its forecast for Russia’s GDP growth in 2020 to 1.4%, down from 1.8% as it was reported in the spring forecast. The decrease in the forecast occurred amid a global recession. Thus, the EC reduced its forecast for world GDP growth for 2019 to 2.8% from 3.1%, for 2020 – to 3.1% from 3.6% compared with its spring forecasts. In the euro zone, the forecast for GDP growth has been reduced to 1.1% from 1.2% for 2019, to 1.2%. Read more...
Russia expects agreements with China worth more than $350 mln to be signed within the framework of the second China International Import Expo (CIIE) currently ongoing in Shanghai, Senior Vice President of Russian Export Center (REC) Alexey Kozhevnikov told reporters on Wednesday. "Last year we signed agreements worth $350 mln with our Chinese partners here within that Expo, while this year we expect that sum to be higher," he said. In 2018, 67 Russian companies took part in the exhibition, Kozhevnikov said, adding that this year. Read more...
Russian poultry producers began exporting their products to China in the spring of 2019. However, only chicken legs and wings were sold to Chenese market. Now Russian producers have managed to expandthe assortment and to increase volumes of poultry meat exporting to China. On November 5, China International Import Expo (CIIE), an importer exhibition, opened in China. During the event, the Russian companyCherkizovo was able to agree to expand sales in the Chinese market. New contracts for the export of poultry products will significantly expand the range of products exported to the PRC. says Cherkizovo. In trade deals, new positions are indicated:. Read more...
Sausages under the brand name Buterbrodnaya containing the genome of African Swine Fever (ASF) were found in 136 stores in 5 Russian regions, Russian veterinary body Rosselhoznadzor said in a statement on its website October 21. The virus DNA was also detected in the raw materials used to produce the sausages at several warehouses, Rosselhoznadzor added. It is not clear how the virus entered the supply chain. In the statement, Rosselhoznadzor stressed that the finding was extremely strange, considering that the meat-processing plant that released the pork containing theASFgenome was sourcing its raw materials exclusively from the farms where. Read more...
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